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Hershey fiscal Q3 profit climbs 9.0% YOY

The Hershey Company said its normalized net income for the fiscal third quarter ended Oct. 4 was $1.11 per share, compared with the S&P Capital IQ consensus estimate of $1.13 per share.

EPS increased 10.9% year over year from $1.00.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $245.0 million, a gain of 9.0% from $224.8 million in the third quarter ended Sept. 28, 2014.

The normalized profit margin increased to 12.5% from 11.5% in the year-earlier period.

Total revenue came to $1.96 billion, compared with $1.96 billion in the year-earlier period, and total operating expenses declined year over year to $1.55 billion from $1.58 billion.

Reported net income fell 31.2% from the prior-year period to $154.1 million, or 70 cents per share, from $223.9 million, or $1 per share.